PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Hunter Associates Investment Management LLC

Hunter Associates Investment Management LLC trimmed its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 4.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,260 shares of the credit services provider’s stock after selling 140 shares during the period. Hunter Associates Investment Management LLC’s holdings in PayPal were worth $278,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PYPL. Algert Global LLC acquired a new stake in shares of PayPal in the 2nd quarter worth approximately $435,000. Sanctuary Advisors LLC acquired a new stake in shares of PayPal in the 2nd quarter worth approximately $9,517,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of PayPal in the 2nd quarter worth approximately $17,707,000. Anchor Investment Management LLC lifted its stake in shares of PayPal by 5.8% in the 2nd quarter. Anchor Investment Management LLC now owns 32,044 shares of the credit services provider’s stock worth $1,860,000 after acquiring an additional 1,756 shares during the period. Finally, Abacus Planning Group Inc. acquired a new stake in shares of PayPal in the 3rd quarter worth approximately $208,000. 68.32% of the stock is owned by institutional investors and hedge funds.

PayPal Stock Performance

PYPL stock opened at $88.58 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $88.80 billion, a price-to-earnings ratio of 21.14, a P/E/G ratio of 1.49 and a beta of 1.44. PayPal Holdings, Inc. has a 12 month low of $55.77 and a 12 month high of $93.66. The firm has a 50 day moving average of $88.13 and a two-hundred day moving average of $78.61.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, topping the consensus estimate of $1.07 by $0.13. The company had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.97 earnings per share. As a group, equities analysts anticipate that PayPal Holdings, Inc. will post 4.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on PYPL. StockNews.com raised shares of PayPal from a “hold” rating to a “buy” rating in a research note on Tuesday, December 24th. Barclays boosted their target price on shares of PayPal from $92.00 to $110.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. Stephens boosted their target price on shares of PayPal from $75.00 to $85.00 and gave the stock an “equal weight” rating in a report on Friday, October 18th. Sanford C. Bernstein downgraded shares of PayPal from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from $75.00 to $80.00 in a report on Thursday, October 10th. Finally, Piper Sandler boosted their target price on shares of PayPal from $88.00 to $93.00 and gave the stock a “neutral” rating in a report on Friday, January 24th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $89.48.

PayPal Profile

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It operates a two-sided network at scale that connects merchants and consumers that enables its customers to connect, transact, and send and receive payments through online and in person, as well as transfer and withdraw funds using various funding sources, such as bank accounts, PayPal or Venmo account balance, PayPal and Venmo branded credit products comprising its installment products, credit and debit cards, and cryptocurrencies, as well as other stored value products, including gift cards and eligible rewards.